DJIA
Again with the keeping it simple Strategy.
1. See the price action around the Support lines and Trend Lines.
2. Price got rejected at 20 MA twice on a Daily Close.
3. Frequent Testing of Previous Support Levels
4. Earning Seasons - Meh, Storms Brewing In the marked Area !!
5. Clouds in this area needs to dissipate Quickly , meaning Run upwards !!
6. More Inclined to think a Violent break of the Support Zone and a Sudden Run to 22800 ( TGT-2) as predicted earlier.
Be prepared for this. Dont be Uptight , see the Previous posts on Dow Jones and hit the play button. Then Post a LIKE :)
*** Bullish Scenario : Strategy to go long- will update if it manages to close above 20 MA.
Trade active:
Not Quite COnvinced on the bounce we saw today. Lets see how the trading goes today.
